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1515 ISHERWOOD STREET
Washington, DC 20002
Quick Facts
- Area:3270sq ft
- Style:Other,Traditional
- Year Built:1937
- Lot Size:0.07 acres
Description:
Nestled in the Old City 1 subdivision, this property enjoys the location near the vibrant H Street Corridor, Ivy City, and Union Market, offering residents both convenience and charm. Spanning 3,270 square feet on a 0.07-acre parcel, the building comprises 2 two-bedroom/one-bath units, and 2 one-bedroom/one bath units, with two of the units being recently renovated. Recent updates include new flooring, two new water heaters, and an updated roof in 2021. The property also benefits from ample street parking, adding to its attractiveness for tenants. Currently, two units are occupied by voucher tenants, with the DC government paying $2,637 per month for each unit. The owner covers the utilities. The remaining units present an excellent opportunity for immediate lease-up, projecting a potential CAP rate of over 10% once fully occupied! Situated at 1515 Isherwood St NE, Washington, DC 20002, the property boasts excellent connectivity. The closest metro stations, Stadium-Armory (Blue, Orange, and Silver lines) and Minnesota Ave (Orange line), along with multiple WMATA bus routes, provide seamless access throughout the city. The neighborhood is pedestrian-friendly, with well-maintained sidewalks and crosswalks facilitating easy walking access to nearby amenities and transit options. This offering presents a rare chance to acquire a well-located, updated property with strong income potential in a thriving Washington, DC neighborhood. This is a SHORT SALE. All offers are contingent upon third-party approval from the lender. Please submit your offers by Friday, June 21st or before. For more information and to schedule a showing, please contact the showing contact only!
| Status | Backup |
| Added to RealtyWatch | June 4, 2024 - 141 days ago |
| Listing Office | Marcus & Millichap Real Estate, Brian C Hosey |
| MLS ID | DCDC2144866 |
Schedule a Showing
Interior
- Appliances: Oven/Range - Gas,Refrigerator
- Basement: Outside Entrance,Partial
- Flooring: Ceramic Tile,Carpet,Vinyl
- A/C: Window Unit(s),Central A/C
- Heating: Y, Hot Water, Natural Gas
- Disability Feature: 2+ Access Exits
Exterior
- General: Above Grade,Below Grade
- Style: Other,Traditional
- Parking: Free
Construction
- Roofing: Tar/Gravel
- Windows: Double Hung,Insulated
- General: Brick,Block, Crawl Space
Location
- Originating MLS: BRIGHT_MAIN
- School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
- County: WASHINGTON
Lot
- Zoning: RF-1, 4544//0177
- Current Use: 0
Utilities
- Water: Public
- Sewer: Public Sewer
Financial
- Source: BRIGHT_MAIN
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